Makes drive axles and related drivetrain components, primarily for 4WD tractors in the Indian domestic market and for construction equipment such as Tele Boom Handlers (TBH) and Backhoe Loaders (BHL) in export markets. Domestic revenue grew in FY26 on 4WD tractor axle demand that followed a narrowing of the price gap between 2WD and 4WD tractors after GST changes, while exports rose faster, led by TBH and BHL axle programs. The company is adding electric drivetrain work and has secured new nominations in bull gears for future years. Materials account for 73.3% of revenue, making raw material costs the largest input, followed by employee costs at 7.4% and other operating expenses at 9.5%. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Domestic axles for 4WD tractors, Export axles for construction equipment, E-transmission engineering services, Bull gears. Auto component supplier tied to tractor and construction equipment cycles
| ₹ crore · consolidated | FY25 | FY26 |
|---|---|---|
| Revenue | 1,808 | 2,255 |
| EBITDA (ex other income) | 171 | 209 |
| margin % | 9.4 | 9.3 |
| Owners' profit | 88 | 131 |
| EPS, as reported (₹) | 15.50 | 22.96 |
| ROE % · ROCE % | 19.2 · 21.6 | 23.1 · 25.8 |
| Debt / equity (x) | 0.38 | 0.25 |
| Cash from operations | 76 | 135 |
| Capex | (52) | (32) |
| ₹ crore | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|
| Revenue | 449 | 444 | 493 | 586 | 570 | 607 | 545 |
| Profit before tax | 20 | 32 | 38 | 43 | 37 | 55 | 42 |
| Net profit | 15 | 24 | 29 | 32 | 28 | 42 | 31 |
| EPS (₹) | 2.58 | 4.17 | 5.12 | 5.58 | 4.94 | 7.33 | 5.52 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| SAMVRDHNA MTHRSN INTL LTD | 1,73,567 | 39.6 | 3.98 | 15.4 | 9.4 | 8.2 | 17.1 | 9.0 |
| BOSCH LIMITED | 1,42,736 | 60.4 | 9.61 | 35.1 | 18.7 | 24.1 | 15.6 | 17.9 |
| BHARAT FORGE LTD | 92,992 | 131.7 | 9.73 | 33.3 | 11.4 | 13.2 | 21.6 | 8.8 |
| UNO MINDA LIMITED | 69,386 | 57.6 | 9.56 | 31.7 | 17.7 | 15.7 | 25.3 | 10.4 |
| SCHAEFFLER INDIA LIMITED | 61,739 | 49.3 | 10.04 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 11 Sept 2026 · AGM 2026: All 8 Resolutions Passed, Rs 6.75 Dividend Approved | board shareholder meetings | low | — | — |
| 10 Sept 2026 · Carraro India 29th AGM held; final dividend of Rs 6.75 per share declared | board shareholder meetings | medium | — | — |
| 4 Sept 2026 · Customs order: about Rs 20.24 cr IGST demand and penalty, company to appeal | regulatory legal | high | — | — |
| 19 Aug 2026 · Newspaper publication of 29th AGM notice - 10 Sep 2026 | compliance | minimal | — | — |
| 18 Aug 2026 · 29th AGM notice on Sep 10, 2026: Rs 6.75 dividend, director re-appointments | board shareholder meetings | low | — | — |
| 13 Aug 2026 · Schedule of analyst and investor meeting on 18 Aug 2026 | board shareholder meetings | low | — | — |
| 12 Aug 2026 · Carraro India Q1 FY27: revenue up 10%, EBITDA margin 10.4% | investor communications | medium | — | — |
| 7 Aug 2026 · Carraro India shares link to Q1 FY27 earnings call audio recording | investor communications | low | — | — |
| 7 Aug 2026 · Newspaper publication of Q1 FY27 unaudited results | compliance | minimal | — | — |
| 6 Aug 2026 · Carraro India Q1 FY27: Revenue up 10%, PAT rises 8% YoY | investor communications | medium | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| — |
| 10.4 |
| 14.1 |
| — |
| 19.4 |
| TUBE INVEST OF INDIA LTD | 50,454 | 83.1 | 3.55 | 19.5 | 7.9 | 12.4 | 30.3 | 10.6 |
| SONA BLW PRECISION FRGS L | 49,016 | 70.4 | 7.99 | 42.6 | 10.3 | 12.9 | — | 25.1 |
| ENDURANCE TECHNO. LTD. | 37,964 | 39.1 | 5.55 | 18.6 | 13.9 | 15.6 | 17.4 | 13.2 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 23.1 | 26.7 | 52 of 123 | 58% |
| P/B | 5.4 | 3.5 | 83 of 116 | 29% |
| ROCE | 23.2 | 12.6 | 20 of 125 | 85% |
| ROE | 23.1 | 11.6 | 9 of 119 | 93% |
| Debt / Equity | 0.3 | 0.3 | 59 of 119 | 51% |
| EBITDA margin | 10.6 | 12.2 | 73 of 118 | 39% |
| Revenue growth | 10.5 | 20.2 | 87 of 113 | 23% |
| Profit growth | 7.8 | 24.4 | 75 of 115 | 35% |
| Market cap | 3070 | 1542 | 49 of 125 | 61% |
| A state: the latest filed quarter and the measured reactions |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
